Monthly Archives: November 2009
Insight into October Hedge Fund Performance
New York (HedgeCo.net) – Hedge funds posted a slight gain for the month as market reversals muted performance. The Credit Suisse/Tremont Hedge Fund Index (“Broad Index”) finished up 0.13% for the month, bringing year to date performance to 15.11% through […]
U.S. Financial Regulation Overhaul: Side-by-Side Comparison
Bloomberg – President Barack Obama handed the U.S. Congress a road map for an overhaul of financial-services regulation in June, including greater oversight of derivatives and system-wide risks, new ways to wind down failed companies and a consumer agency to […]
Private equity eyes illiquid hedge fund stakes
Reuters – Hedge fund investors stuck in products with illiquid assets are increasingly seeing interest in their stakes from specialist private equity or other buyers as markets recover, according to broker Tullett Prebon. Head of alternative investments at the British […]
Gartmore Prepares December IPO to Reduce Borrowings
Bloomberg – Gartmore Group Ltd., the manager of about 21.8 billion pounds ($36 billion) in hedge and mutual funds, is preparing an initial public offering of at least 250 million pounds next month to reduce debt. The money manager plans […]
Ucits III hedge funds under the spotlight: live from Berlin
CityWire – In a panel session at Citywire’s Berlin forum, five of Europe’s leading fund selectors discussed the new wave of Ucits III absolute return funds coming from the hedge space. Examining the implications of the rise of these ‘Newcits’ […]
Hedge Funds Benefit From Appreciaton Of Gold/Emerging Markets/Europe
New York (HedgeCo.net) – “Hedge funds performed as advertised in October—they hedged,” said Nadia Papagiannis, Morningstar alternative investment strategist. “Though the economy may be recovering, hedge fund managers appear positioned for a reversal.” However, hedge funds in the Morningstar Europe […]
Phibro reaches out to hedge fund investors
MarketWatch – Phibro LLC, which became embroiled in controversy over star trader Andrew Hall’s compensation, is reaching out to hedge fund investors as Citigroup Inc. relinquishes its grip on the profitable energy-trading firm, two people familiar with the situation said […]
A Hedge-Fund King Comes Under Siege
WSJ – Hedge-fund titan Kenneth Griffin lost $8 billion of his clients’ money last year. Now, he is trying to persuade investors to trust him with more. “We showed a level of human fallibility,” he told his staff at a […]
Nomos Capital’s Lowe Testifies He Never Hired Escorts, Hit Man
Bloomberg – Nomos Capital Partners Ltd. founder Mark Lowe said he didn’t take escorts on business trips and didn’t hire a hit-man to kill a former employee who is suing him for sexual discrimination. Lowe testified yesterday that he “took […]
U.K. Opposes EU Plan to Impose Pay Restrictions on Hedge Funds
Bloomberg – The U.K. government will oppose a European Union plan to impose the same pay restrictions on hedge-fund managers and private-equity firms that it proposed for bankers, the Treasury said. The EU last week added the pay rules to […]
